| Product Code: ETC5871507 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Sweden saw a significant decrease in the import shipments of electric utility vehicles, with a negative CAGR of -8.6% from 2020 to 2024. Despite the decline, top exporting countries to Sweden included Finland, USA, China, Taiwan, and Denmark. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The steep decline in growth rate from 2023 to 2024 at -38.74% suggests a challenging year for the industry. It will be interesting to monitor how these trends evolve and impact the electric utility vehicle market in Sweden in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sweden Electric Utility Vehicle Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Electric Utility Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Electric Utility Vehicle Market - Industry Life Cycle |
3.4 Sweden Electric Utility Vehicle Market - Porter's Five Forces |
3.5 Sweden Electric Utility Vehicle Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.6 Sweden Electric Utility Vehicle Market Revenues & Volume Share, By Drive Type, 2021 & 2031F |
3.7 Sweden Electric Utility Vehicle Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
4 Sweden Electric Utility Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and incentives promoting the adoption of electric vehicles in Sweden |
4.2.2 Growing awareness and concern for environmental sustainability among consumers and businesses |
4.2.3 Advancements in technology leading to improved performance and lower costs of electric utility vehicles |
4.3 Market Restraints |
4.3.1 High initial cost of electric utility vehicles compared to traditional fuel-powered vehicles |
4.3.2 Limited charging infrastructure for electric vehicles in certain regions of Sweden |
4.3.3 Range anxiety among potential buyers due to the limited driving range of electric utility vehicles |
5 Sweden Electric Utility Vehicle Market Trends |
6 Sweden Electric Utility Vehicle Market Segmentations |
6.1 Sweden Electric Utility Vehicle Market, By Battery Type |
6.1.1 Overview and Analysis |
6.1.2 Sweden Electric Utility Vehicle Market Revenues & Volume, By Lead Acid, 2021-2031F |
6.1.3 Sweden Electric Utility Vehicle Market Revenues & Volume, By Lithium-Ion, 2021-2031F |
6.2 Sweden Electric Utility Vehicle Market, By Drive Type |
6.2.1 Overview and Analysis |
6.2.2 Sweden Electric Utility Vehicle Market Revenues & Volume, By 2WD, 2021-2031F |
6.2.3 Sweden Electric Utility Vehicle Market Revenues & Volume, By 4WD, 2021-2031F |
6.2.4 Sweden Electric Utility Vehicle Market Revenues & Volume, By AWD, 2021-2031F |
6.3 Sweden Electric Utility Vehicle Market, By Propulsion |
6.3.1 Overview and Analysis |
6.3.2 Sweden Electric Utility Vehicle Market Revenues & Volume, By Pure Electric, 2021-2031F |
6.3.3 Sweden Electric Utility Vehicle Market Revenues & Volume, By Hybrid Electric, 2021-2031F |
7 Sweden Electric Utility Vehicle Market Import-Export Trade Statistics |
7.1 Sweden Electric Utility Vehicle Market Export to Major Countries |
7.2 Sweden Electric Utility Vehicle Market Imports from Major Countries |
8 Sweden Electric Utility Vehicle Market Key Performance Indicators |
8.1 Average charging station density per capita in Sweden |
8.2 Number of government incentives and policies supporting the adoption of electric utility vehicles |
8.3 Growth in the number of electric utility vehicle models available in the market |
9 Sweden Electric Utility Vehicle Market - Opportunity Assessment |
9.1 Sweden Electric Utility Vehicle Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.2 Sweden Electric Utility Vehicle Market Opportunity Assessment, By Drive Type, 2021 & 2031F |
9.3 Sweden Electric Utility Vehicle Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
10 Sweden Electric Utility Vehicle Market - Competitive Landscape |
10.1 Sweden Electric Utility Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Sweden Electric Utility Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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